In economics, cargo or freight are goods or produce being conveyed â generally for commercial gain â by ship, boat, or aircraft, although the term is now often extended to cover all types of freight, including that carried by train, van, truck, or intermodal container.
What are 'Consumables'. Consumables are goods used by individuals and businesses that must be replaced regularly because they wear out or are used up. They can also be defined as the components of an end product used up or permanently altered in the process of manufacturing, such as semiconductor wafers and basic chemicals.
CONSUMABLE INVENTORY _______________________________________________________. 19.1.3 Consumable Inventory Accounting Definition. Consumable Inventory. Consumable Inventories are asset items held for sale in the ordinary course of business, or goods that will. be used or consumed in the production of goods to be sold.